Ripple Wins Final OCC Approval for National Trust Bank

Ripple said on October 26, 2026, that the Office of the Comptroller of the Currency had granted final approval to Ripple National Trust Bank, completing a process that began with conditional approval in December 2025. The federally supervised trust bank is designed to manage reserves backing Ripple’s RLUSD stablecoin, act as collateral trustee for holders and provide fiduciary digital-asset custody to institutions, according to the company. The approval is a regulatory milestone, but it does not mean the bank is already operating. Ripple has not announced an opening date, and its planned custody services are to begin once the bank opens. The OCC’s final action followed an earlier conditional stage; the bank must still begin operations before its stated services are available. Ripple says RLUSD issuance will remain with Standard Custody Trust Company, a Ripple subsidiary regulated by the New York Department of Financial Services. Under the plan, the new national trust bank would manage the stablecoin’s reserves and serve as trustee for them, while Standard Custody continues issuing the token. The arrangement puts different parts of the stablecoin’s structure under state and...